GIGADEVICE's stock soared 5.66% during intraday trading on Tuesday, reflecting strong investor interest in the memory chip sector.
The surge follows a report from Goldman Sachs which significantly raised its DRAM pricing forecast for the first quarter of 2026. The investment bank now projects traditional DRAM prices to achieve 90%-95% sequential growth in Q1 2026, far exceeding previous market expectations.
This optimistic outlook on memory pricing dynamics provided a positive catalyst for GIGADEVICE, offsetting concerns about spot market volatility and tighter liquidity conditions affecting some industry peers.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments